Using Pitchfork Analysis in Online Forex Trading
06/11/2009 12:01 am EST
The use of Median Lines and "pitchfork analysis" is becoming increasingly popular with short-term traders (and investors, actually) to find trends in any market—especially currencies. Both will help you first identify a trend and then choose high-probability entry points, profit targets, and stop losses on every trade you take. In this detail-packed interview, trader and author Michael Dologa discusses how he uses pitchfork analysis on various time frames to spot profitable trading opportunities. He also discusses how he uses "contextual" and "local" pitchforks to find areas of confluence. A MoneyShow.com exclusive interview for the Forex Audio Trading Lessons e-letter.